SB 546

Virginia Senate bill in Session 2026.

Status: failed. Latest action: March 10, 2026.

Mortgages; annual notice of potential assumption required, delayed effective date.

Bill ID VA-2026-SB-546

Session 2026

Status failed

Committee Labor and Commerce; Commerce and Labor

Senate failed 2026-03-10

Housing

Summary

Mortgages; annual notice of potential assumption required. Requires a mortgage lender to send an annual notice to the owner of residential real estate that is encumbered by a mortgage that such mortgage may be assumable under certain federally backed loans or conventional loans. This bill is a recommendation of the Virginia Housing Commission.

Sponsor

Sturtevant

Official Source Back to Bills

Actions Timeline

Date	Event	Detail
0000-00-00	Status	failed
2026-01-14	Introduced	Bill introduced
2026-03-10	Latest Action	H Left in Labor and Commerce

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